

| BELGIUM
The UAN market has been quiet in the country this week. Rumour has it that offers for July—September-delivered UAN (30%) have been unavailable from Yara and OCI Nitrogen.
WFM is assessing July—September-delivered UAN (30%) quotes at €412—428/t FCA Ghent, CBAM included, based on the fertilizer prices in Rouen. They are €32.5/t above the previous.

| FRANCE
Trade in UAN remained lively on the local market at the end of last week. The latest sales of August—September-delivered UAN (30%) were made at €415/t FCA Rouen then, CBAM included, €25/t above the previous prices.
An uptrend in the fertilizer prices has also continued in the country this week because of energy and grain appreciation. Moreover, the French government has introduced financial support for farmers to buy nitrogen fertilizers, in attempt to stimulate UAN demand. Suppliers have lifted offers for late July—September-delivered UAN (30%) by €12.5/t to €425—430/t FCA Rouen, CBAM included.
